Wednesday, August 29, 2012


Congrats to all of you in the USA!! 
We've hit the $16,000,000,000,000.00 in debt mark. 

Condolences to our friends in China who have loaned us a lot of this money.  We're going to pay it back by printing it in bulk, and it won't be worth very much.  Suckers. 

1 trillion is more than the combined gross revenues of Wal Mart, Exxon, General Motors and Ford Motors.  The Occupy Wall Street gang can tax the rich until every business in America closes, and it won't matter. 

Tyler Durden of ZeroHedge has extrapolated the trends, and estimates we'll be at 20 trillion in no time at all. 

•$17 trillion on June 10, 2013;

•$18 trillion on March 23, 2014;

•$19 trillion on January 3, 2015; and

•$20 trillion on October 16, 2015

All we need is another bogus "crisis" or "War On..." of some sort, and we'll get there.  You've gotta believe, you've just gotta believe.  Have faith in the fascists at the top, and their ability to spread it around to get elected, and we can do it.  20 trillion by 2015.    In the meantime, though, people who invest (their own) money are avoiding the U.S. money pit like it was on track to be the next Greece.  Which it is.     Here's an old pic of the team of economists that Obama assembled 3.5 years ago.  Four of the five have already resigned in disgrace:  

Geithner is still hanging in there because there's no way Congress would allow Obama to make the decision to replace him.  Not after the crap we've been through for the last three years.  They wouldn't let Obama appoint the next Assistant Ambassador to Lichtenstein.   

Here's what they've done for us with a quarter of a trillion dollars in stimulus.  Their results are worse than the numbers they were trying to scare us with !!

  Here's what could be done with a trillion dollars (and we're on the hook for 16 of them).    If you stack up $1,000 bills, $1 trillion would need a pile that is 80 miles high.

Assuming the United States consumes about 17 billion barrels of oil a year and assuming the cost of a barrel of oil is about $65, a trillion dollars will buy an entire year’s worth of oil for the USA.

You could buy a thousand Queen Mary 2 with accommodations for 2,620 passengers

With a population of approximately 300 million people, you could give away $1 trillion by giving every man, woman and child in the U.S. $ 3,400 each.

We could buy everyone on Earth an iPod.

We could pave the entire U.S. interstate highway system with 23.5-karat gold leaf.

We could buy 16.6 million Habitat for Humanity houses

There is only one solution. 
Stop the spending.  Now.  Keynesian stimulus doesn't work.  It didn't work when FDR stretched out the Great Depression for a decade, and it hasn't worked for FDR 2.0, also known as Barack Obama. 

Mitt Romney hasn't promised to shut down a government operation, much less a cabinet level department. 

But in his eight years as governor of New Mexico, Gary Johnson vetoed more bills than all other governors combined. 

There is no "moderate" way out. 
There is no solution that isn't "extreme". 
There is no way out of a 16 trillion dollar debt that isn't "out of the mainstream". 

Gary Johnson will fix it. 


Invisible Backhand said...

"1 trillion is more than the combined gross revenues of Wal Mart, Exxon, General Motors and Ford Motors."

Let's see, Walmart's is $447B, Exxon is $486B, GM is $150B, so that's over a trillion already.

You're still a gullible idiot. Did you ever make any money speculatin' on gasoline, boy?

Hot Sam said...

Don't forget the trillions of dollars of debt and obligations that all the states and cities have.

The Whited Sepulchre said...

Yeah, the numbers were old. My bad. One trillion is similar to the gross revenues of WM, EXX, and GM. scratch Ford.
Because of Bush/Obama, your debt is 16 times greater than that.
Are you proud?
The point being, IB, that you can tax the rich and successful until they bleed. They'll simply stop producing the Invisible Hand results that have kept us prosperous to this point.
And no, I didn't purchase any gasoline futures at the beginning of The Obamessiah's term, but DAMN, I wish I had. Providers don't react well to thieves in high places.
How did you do?

The Whited Sepulchre said...

Seriously, don't you wish that Washington and telegenic election winners had even more control over the amount we pay for things?

Invisible Backhand said...

"Because of Bush/Obama, your debt is 16 times greater than that."

Reagan Bush & Bush.